During the fourth quarter of 2012, the Company and one of its equity partners acquired the mortgage on The Rock. During the third quarter of 2013, the Company and its equity partner converted their mortgage note to a 100% equity ownership in the property.
"The successful completion of these residential units at The Rock demonstrates our strategy of capturing excess value from our existing income generating assets," said
In addition to The Rock, the Company, together with its partners, currently has over 3,000 residential units globally in various stages of planning and construction within or adjacent to existing income producing assets. Included in this total are over 1,000 units at
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